AS Trade Terms-Shipping Terms-FAS International

In trade terms, FAS (Free Alongside Ship), translated as: on-ship delivery (designated port of shipment), which belongs to only shipping or core transportation. The FAS trade term refers to delivery by ship, that is, when the seller delivers the goods required by the contract to the ship's ship designated by the buyer at the designated port of shipment within the agreed time, the delivery obligation is completed. The costs and risks borne by both parties are also bounded by the side of the ship. If the ship designated by the buyer cannot be docked, the seller is responsible for transporting the goods to the side of the ship by barge to complete the delivery, and the cost should also be borne by the buyer.

FAS Overview

In trade terms, FAS (Free Alongside Ship), translated as: on-ship delivery (designated port of shipment), which belongs to only shipping or core transportation. The FAS trade term refers to delivery by ship, that is, when the seller delivers the goods required by the contract to the ship's ship designated by the buyer at the designated port of shipment within the agreed time, the delivery obligation is completed. The costs and risks borne by both parties are also bounded by the side of the ship. If the ship designated by the buyer cannot be docked, the seller is responsible for transporting the goods to the side of the ship by barge to complete the delivery, and the cost should also be borne by the buyer.

Buyer and seller obligations

Seller:

1. You must provide the goods and commercial invoices that meet the requirements of the sales contract, or electronic messages that have the same effect, and any other evidence that the contract may require and prove that the goods comply with the contract.

2. You must bear the risks and costs yourself, obtain any export license or other official license, and go through all the customs procedures required for the export of goods when you need to go through the customs procedures.

3. Within the agreed date or time limit, deliver the goods to the seller's designated shipside at the shipping port and loading place designated by the seller in accordance with the customary method of the port.

4. The seller must bear all risks of loss of or damage to the goods until delivery has been made in accordance with the contract.

5. The seller must pay all costs related to the goods until they have been delivered in accordance with the contract; and when customs procedures are required, the customs procedures fees and customs duties, taxes and other fees that should be paid for the export of the goods.

6. The seller must give the buyer sufficient notice that the goods have been delivered to the designated ship's side.

7. The seller must provide the buyer with the usual documents to prove the delivery in accordance with the contract.

8. The seller must pay the inspection fee required for delivery, must pay for it, and provide the packaging required by the seller to know the transportation of the goods (such as the mode of transport and the port of destination) before the sales contract is concluded (unless (According to the relevant industry practice, the goods mentioned in the contract do not need to be packaged and shipped). The packaging should be properly marked.

9. At the buyer ’s request and at his own risk and expense, the seller must provide the buyer with all assistance to help the buyer obtain or issue from the country of shipment and / or country of origin, which may be required for the buyer ’s import of goods or from another country Any documents or equivalent electronic messages required for transit.

Buyer obligations:

1. The buyer must pay the price in accordance with the sales contract.

2. The buyer must obtain any import license or other official license at his own risk and expense, and go through all customs procedures required for the import of goods and transit through other countries when customs procedures are required.

3. The buyer must receive the goods when the seller delivers the goods in accordance with A4.

4. The buyer must bear all risks of loss of or damage to the goods in accordance with the following provisions: from the time of delivery according to the provisions; If the loading is stopped early according to the time notified, it will start from the expiry of the agreed delivery date or deadline, but only if the goods have been allocated to the contract, which is clearly reserved or otherwise determined as the goods under the contract .

5. The buyer must pay all the expenses related to the goods when they are delivered according to the regulations; and because the vessel designated by the buyer does not arrive on time, or does not load the above goods or stops loading earlier than the time notified, or because the buyer fails to give according to the regulations Any additional costs incurred by the seller ’s corresponding notice, but only if the goods have been formally assigned to the contract, which is clearly marked out or otherwise determined as the goods under the contract; and when customs procedures are required , All customs duties, taxes and other fees payable for the import of goods, as well as the fees for customs procedures and the cost of transit through other countries.

6. The buyer must give the seller sufficient notice about the ship's name, shipping point and required delivery time.

7. The buyer must accept the delivery certificate provided in accordance with the regulations.

8. The buyer must pay the cost of any pre-shipment inspection, except for inspections that are mandatory by the authorities of the exporting country.

9. The buyer must pay all costs incurred in obtaining the documents or electronic messages with equivalent effects, and reimburse the costs incurred by the seller in providing assistance.